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2955 Barron Ave - Multi-Family Land 0.91 Acres of Commercial Land Offered at $225,000 in Memphis, TN 38114
Investment Highlights
- Located in a heavy multi-family corridor
- RU-3 Zoning offers Multi-family use
- Sewer/Utilities on property
Executive Summary
Property Facts
| Price | $225,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.91 AC |
| Property Type | Land | ||
| Zoning | RU-3 - Multi-Family Use | ||
| Price | $225,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.91 AC |
| Zoning | RU-3 - Multi-Family Use |
1 Lot Available
Lot
| Price | $225,000 | Lot Size | 0.91 AC |
| Price Per AC | $247,252.75 |
| Price | $225,000 |
| Price Per AC | $247,252.75 |
| Lot Size | 0.91 AC |
Level Lot that use to have multi-family housing units on the property. All utilities and sewer are on the property.
Description
Excellent opportunity to develop a ±0.91-acre multifamily site in an established rental corridor. The property supports development of up to a 12-unit apartment complex, offering an ideal scale for investors and developers seeking strong returns without large-scale project risk. Formerly home to the Barronbrook Apartments, the site has a proven history of multifamily use, providing valuable insight into its viability and demand. Surrounded by numerous existing apartment communities, this location benefits from a built-in rental base and consistent tenant demand.
Property Taxes
| Parcel Number | 05-9014-0-0007 | Improvements Assessment | $0 |
| Land Assessment | $50,600 | Total Assessment | $50,600 |
Property Taxes
Presented by
2955 Barron Ave - Multi-Family Land
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